Weighted Average Cost Method with Perpetual Inventory The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are as follows: Number Date Transaction of Units Per Unit Total Jan. 1 Inventory 7,400 $77.00 $569,800 10 Purchase 22,200 87.00 1,931,400 28 Sale 11,100 154.00 1,709,400 30 Sale 3,700 154.00 569,800 Feb. 5 Sale 1,480 154.00 227,920 10 Purchase 53,280 89.50 4,768,560 16 Sale 26,640 164.00 4,368,960 28 Sale 25,160 164.00 Mar. 5 Purchase 44,400 91.50 4,126,240 -4,062,600 4,854,400 14 Sale 164.00 25 Purchase 29,600 7,400 25,900 92.00 680,800 4,247,600 30 Sale 164.00 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustra method. Round unit cost to two decimal places, if necessary. Round all total cost amounts to the nearest dollar. Midnight Supplies Schedule of Cost of Good Weighted Average Cost M For the Three Months Ended Purchases Cost of G